What a crazy day when the FMOC announced they would buy $1.2 trillion in debt to revive the economy. The markets had huge swings in gold and the bond. Many stocks and indexes reversed a down trend in the morning and closed higher on strong volume. The SPY is at resistance at $80 and also hitting the 50 EMA which are all points of resistance. There should be a pullback then looking to buy.

I got stopped out of FAZ as it hit a new low.  In about a week FAZ dropped from $110 to 26…this is explosive…